Ralph Lauren Corp (RL) Receives $88.66 Consensus Target Price from Analysts
Ralph Lauren Corp (NYSE:RL) has been given an average rating of “Hold” by the twenty-five brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $88.66.
Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Morgan Stanley raised their price objective on shares of Ralph Lauren from $83.50 to $91.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Buckingham Research raised their price objective on shares of Ralph Lauren from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 13th. Needham & Company LLC restated a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, September 12th. Finally, Barclays assumed coverage on shares of Ralph Lauren in a research report on Tuesday, September 19th. They set an “underweight” rating and a $84.00 price objective for the company.
Shares of Ralph Lauren (NYSE RL) traded up $1.51 during trading hours on Friday, reaching $97.30. 1,173,668 shares of the company traded hands, compared to its average volume of 1,547,867. Ralph Lauren has a twelve month low of $66.06 and a twelve month high of $110.42. The firm has a market cap of $8,103.93, a P/E ratio of 17.04, a P/E/G ratio of 1.19 and a beta of 0.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.55.
In other news, insider Valerie Hermann sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the transaction, the insider now directly owns 35,028 shares of the company’s stock, valued at $3,195,254.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.93% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in Ralph Lauren by 49.7% in the third quarter. Bank of New York Mellon Corp now owns 6,587,184 shares of the textile maker’s stock valued at $581,581,000 after acquiring an additional 2,186,269 shares during the last quarter. BlackRock Inc. increased its stake in Ralph Lauren by 26.7% in the second quarter. BlackRock Inc. now owns 5,809,542 shares of the textile maker’s stock valued at $428,744,000 after acquiring an additional 1,225,845 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in Ralph Lauren by 35.7% in the third quarter. Jupiter Asset Management Ltd. now owns 1,550,500 shares of the textile maker’s stock valued at $136,894,000 after acquiring an additional 408,000 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Ralph Lauren by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 1,436,343 shares of the textile maker’s stock valued at $127,633,000 after acquiring an additional 12,554 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Ralph Lauren by 10.8% in the second quarter. American Century Companies Inc. now owns 1,423,333 shares of the textile maker’s stock valued at $105,042,000 after acquiring an additional 139,110 shares during the last quarter. 66.98% of the stock is currently owned by institutional investors.
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Ralph Lauren Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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